The Following Is One of the Reasons Why It May

question 76

Multiple Choice

The following is one of the reasons why it may be more important to focus on solution rather than product:

• A)product descriptions do not define how the product will be used
• B)customer relationships are more important today, creating a need to reflect the customer's concerns
• C)the customer may not know what your product or service will do for them
• D)Internet browsing customers are researching solutions when they come across a company name

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Definitions:

Demand

The quantity of a product or service that consumers are willing and able to purchase at various price levels, holding all else constant.

Inferior Goods

Goods for which demand tends to fall when income rises.

Incomes

Income is the financial gain, commonly acquired on a consistent basis, either from employment or investment returns.

Demand

The desire and ability of consumers to purchase goods and services at various prices, determining the quantity of a product that will be sold in a market.